20
September
Gold inches higher; econ worries support
20 September 2010 Reuters
Spot gold edged higher on Monday to near its record, and market sentiment stayed buoyant on speculation of more quantitative easing in the United States as investors worry about the economic recovery. Weak data out of the U.S. on Friday helped push gold to a new all-time high. Underlying U.S. inflation pressures were muted in August and consumer morale hit a 13-month low this month, keeping alive fears of deflation and spurring bets on further monetary easing.
